Expedia Group, Inc. (NASDAQ:EXPE) Shares Sold by Marco Investment Management LLC

Marco Investment Management LLC lessened its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 3.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,107 shares of the online travel company’s stock after selling 800 shares during the quarter. Marco Investment Management LLC’s holdings in Expedia Group were worth $4,119,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in EXPE. SRH Advisors LLC acquired a new position in shares of Expedia Group during the fourth quarter valued at approximately $28,000. Grove Bank & Trust increased its stake in shares of Expedia Group by 676.2% during the fourth quarter. Grove Bank & Trust now owns 163 shares of the online travel company’s stock valued at $30,000 after acquiring an additional 142 shares during the period. Venturi Wealth Management LLC increased its stake in shares of Expedia Group by 709.8% during the third quarter. Venturi Wealth Management LLC now owns 332 shares of the online travel company’s stock valued at $49,000 after acquiring an additional 291 shares during the period. Brooklyn Investment Group acquired a new position in shares of Expedia Group during the third quarter valued at approximately $51,000. Finally, Golden State Wealth Management LLC bought a new stake in Expedia Group during the fourth quarter worth approximately $72,000. Institutional investors and hedge funds own 90.76% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on EXPE. Oppenheimer raised their target price on shares of Expedia Group from $210.00 to $235.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Barclays raised their target price on shares of Expedia Group from $166.00 to $187.00 and gave the stock an “equal weight” rating in a report on Friday, February 7th. The Goldman Sachs Group raised their target price on shares of Expedia Group from $208.00 to $236.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Susquehanna raised their target price on shares of Expedia Group from $190.00 to $205.00 and gave the stock a “neutral” rating in a report on Monday, February 10th. Finally, BTIG Research raised their target price on shares of Expedia Group from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Nineteen analysts have rated the stock with a hold rating, eleven have given a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat.com, Expedia Group has a consensus rating of “Moderate Buy” and an average target price of $192.64.

Insider Activity

In related news, insider Robert J. Dzielak sold 5,000 shares of Expedia Group stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $205.70, for a total value of $1,028,500.00. Following the transaction, the insider now owns 74,502 shares in the company, valued at $15,325,061.40. This trade represents a 6.29 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $169.79, for a total transaction of $1,697,900.00. Following the completion of the transaction, the director now owns 158,505 shares in the company, valued at $26,912,563.95. This trade represents a 5.93 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,000 shares of company stock worth $4,577,900. 6.80% of the stock is owned by corporate insiders.

Expedia Group Stock Down 3.6 %

Expedia Group stock opened at $184.07 on Friday. The company has a market capitalization of $23.72 billion, a P/E ratio of 20.34, a P/E/G ratio of 0.92 and a beta of 1.82. The firm’s fifty day simple moving average is $187.12 and its 200-day simple moving average is $170.10. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.87. Expedia Group, Inc. has a 1-year low of $107.25 and a 1-year high of $207.73.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings results on Thursday, February 6th. The online travel company reported $1.84 earnings per share for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.22). Expedia Group had a net margin of 9.01% and a return on equity of 52.41%. Sell-side analysts forecast that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be issued a dividend of $0.40 per share. The ex-dividend date is Thursday, March 6th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.87%. This is an increase from Expedia Group’s previous quarterly dividend of $0.34. Expedia Group’s dividend payout ratio (DPR) is currently 17.68%.

About Expedia Group

Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through B2C, B2B, and trivago segments. Its B2C segment includes Brand Expedia, a full-service online travel brand offers various travel products and services; Hotels.com for lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, Wotif Group, ebookers, CheapTickets, Hotwire.com and CarRentals.com.